EEU Finalizes Customs Code Harmonization
The Eurasian Economic Union Commission completed its customs code harmonization to improve customs clearance time, “service portals,” rules relating to restricted goods, countries of origin and more, according to an Aug. 22 report from the Hong Kong Trade Development Council.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The move is expected to “clear up the discrepancies and inconsistencies” related to several areas of customs and trade between the Eurasian Economic Union’s member countries: Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. The move will standardize the average customs clearance time to four hours, define required procedures for establishing exact customs values, list a series of banned goods and more, the report said.